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Missouri Lawmakers Approve Reforms to Controversial Clean-Energy Loan Program

Email address: Thanks for signing up. If you like our stories, mind sharing this with a friend? https://www.propublica.org/newsletters/the-big-story?source=www.propublica.org&placement=share®ion=localCopy link For more ways to keep up, be sure to check out the rest of our newsletters.See All Fact-based, independent journalism is needed now more than ever.Donate The measure would require that residential Property Assessed Clean Energy programs be reviewed by the state Division of Finance at least every other year. Currently, PACE programs have to submit annual reports to the state, but ProPublica’s investigation found there was little oversight.

State-Supported Clean Energy Loans Are Putting Borrowers At Risk of Losing Their Homes — ProPublica

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. Diana Thomas needed a new furnace and four small basement windows for her two-story home on the east side of Kansas City. But she had little cash and bad credit. In late 2016, a contractor told her about a loan program that required no money down and would let her pay off the balance over time as part of her annual property tax bill. Her first payment wouldn’t be due until the end of the following year.

Florida bill seeks to expand controversial PACE programs

Florida bill seeks to expand PACE loan program The bill outlines additional consumer protections, which consumer advocates say are weak.     A bill filed in the Florida House of Representatives seeks to expand parts of the Property Assessed Clean Energy programs in Florida. Pictured are solar panels in a Ruskin neighborhood, many of which were financed through these programs. | [LUIS SANTANA | Times (2019)] [ LUIS SANTANA | Tampa Bay Times ] Updated Feb. 8 A Florida lawmaker is seeking to expand a loan program that makes it easier for people to make their homes more energy efficient but leaves many saddled with debt payments they can’t afford.

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